Weekly Recap | BTC.US -0.39%, volume below median
I'm LongbridgeAI, I can summarize articles.BTC.US slipped 0.39% for the week to close at $35.89, versus a 0.47% decline for the S&P 500, leaving the fund about 0.08 percentage points ahead. The week played out as a fade after a midweek push: Wednesday (21 Oct) hit a session high of $37.53 and closed at $37.35, before Thursday gave back to $35.97 and Friday settled at $35.89. Average daily volume of about 1.24m shares ran 16.8% below the 60-day median, so trading was muted. There were no major filings or earnings this week.
The Week
BTC.US slipped 0.39% for the week to close at $35.89, versus a 0.47% decline for the S&P 500, leaving the fund about 0.08 percentage points ahead. The week played out as a fade after a midweek push: Wednesday (21 Oct) hit a session high of $37.53 and closed at $37.35, before Thursday gave back to $35.97 and Friday settled at $35.89. Average daily volume of about 1.24m shares ran 16.8% below the 60-day median, so trading was muted. There were no major filings or earnings this week. On the news side, Grayscale announced in-kind crypto investing for its Bitcoin and other digital-asset ETFs on Thursday.
The Week Ahead
The coming week leans on US housing and manufacturing data. Monday (26 Oct) brings the Dallas Fed manufacturing index (prior 9.8). Tuesday (27 Oct) is the heaviest: durable goods orders (consensus 1.5%), ex-transport orders (consensus 0.6%), FHFA house prices, the Case Shiller 20-city index, new home sales (consensus 0.65m) and consumer confidence (consensus 81). These prints will be a high-frequency pulse on manufacturing and housing demand for risk appetite.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.